SN was brilliant. Some of his answers were going straight over the heads of the questioners. So much of what Stuart was saying was basic Economics 101.
It is criminal that bureaucrats and politicians are making decisions about things they know nothing about; they can't seem to understand basic supply and demand dynamics in growing a business, economy and wealth.
SN's final answer regarding Waitsia with its export license and having a 250Tj processing plant with less gas than Strike, while Strike has more gas, but a 33Tj plant says it all. That shut them up. Keep the 15% reservation by all means, but everything else can be sold to the highest bidder wherever they may be.
If Labor makes the changes Strike are hoping for, watch gas exploration and development explode, figuratively that is. The US has shown how a hands off approach by govt to the market can be wonderfully dynamic.
As a long long term investor in Strike, it's been one hell of a rocky ride. SN has been the right man for the job and I look forward to Labor/Cook making the common sense change for the betterment of WA and Strike investors.
Fingers crossed!
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